US Manufacturing PMI Shows Improvement, but Stagnant Inflation Remains a Concern The ISM manufacturing purchasing managers’ index rose to 49 in September from 47.6 last month, well above market expectations of 47.8, reflecting the slowest contraction in the U.S. manufacturing industry in ten months. Even as the economic slowdown improved, data still showed U.S. factory […]

Comprehensive Brent Oil Analysis for October 3, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Brent Oil (UKOUSD) for 3rd October 2023.  Key Takeaways Key Point: The lifting of the U.S. government shutdown crisis, coupled with robust PMI data, has driven the U.S. dollar index to 107, a level […]

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The Rise of NVIDIA: A Dominant Force in IC Design In the fast-paced world of integrated circuit (IC) design, the tides are constantly shifting, and the recent performance of the industry’s top players has been nothing short of remarkable. According to TrendForce reports, fueled by an AI-driven inventory stocking frenzy across the supply chain, 2Q23 […]

Comprehensive AUD/USD Analysis for September 28, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of AUD/USD for 28th September 2023.  Key Takeaways Short-Term vs. Long-Term Impact Technical Analysis AUD/USD Daily Chart Analysis (Daily chart of AUD/USD, source: Ultima Markets MT4)  Significant Decline: The daily chart indicated an expected decline in the […]

How Supply Chain Tensions Impact Crude Oil Prices in October 2023 The American Petroleum Institute’s weekly statistical report shows that U.S. crude oil inventories increased by 1.586 million barrels in the week ending September 22, 2023, after a decrease of 5.25 million barrels in the previous week. WTI crude futures rebounded to $90.7 a barrel, […]

Comprehensive AUD/USD Analysis for September 27, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUD/USD for 27th September 2023.  Key Takeaways Fundamentally, our analysis centers on the forthcoming release of Australia’s August CPI data and its potential repercussions for the AUD/USD market. Key takeaways include: AUD/USD Technical Analysis AUD/USD […]

Airlines Issue Profit Warnings as Cost Pressure Rises  Last week, American Airlines and Spirit Airlines joined other airlines in issuing profit warnings that rising costs would hit profits during the peak summer season, as airlines begin reporting third-quarter results in mid-October.  Consequences for Airlines American Airlines said it expects adjusted earnings per share in the […]

Comprehensive USDX Analysis for September 26, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for 26th September 2023 Key Takeaways The Federal Reserve’s stance has emerged as the linchpin shaping the USDX’s performance. While September saw a halt in interest rate hikes, the dot plot projections signal a […]

The Bank of Japan’s Monetary Policy: Prioritizing Stability and Inflation Targets The Bank of Japan (BoJ) maintained ultra-low interest rates on Sep. 22 and its pledge to keep supporting the economy until inflation sustainably hits its 2% target, suggesting it was in no rush to phase out its massive stimulus program.  In terms of inflation […]